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May 09

TECHNICAL ANALYSIS BY NSFX 09.05.2014

By:Nati

High:  Low: 

The resistance level towards 102.60 with the support towards the 101.60 area which could provide a floor in a range for a period of consolidation before any breakout can occur. Should bullish price action breach the 100 day SMA the 103.30 resistance level could offer resistance going forward. Yesterday saw a test of the 200 day SMA with further support at 101.20 an  important level going forward.

R3
R2
R1
S1
S2
S3